March 2016 Real Estate market statistics for Maricopa AZ

*Annual Median Appreciation = 8.0% (Cromford Report)

*Buyer’s market – Buyers are being selective and are looking for the best price with the most upgrades.

*Average List Price: $193,891;  Average Sold Price: $172,246;   average home size = 2,103 sq ft;  average price per sq. ft = $84.73

*For buyers and sellers to come to an agreement on a purchase price, sellers are giving up, on average, 98% of their list price. Note, this does not include any other seller concessions i.e. Seller contribution to the Buyer’s closing costs.

*Average Days on Market before an acceptable offer is received = 55 days.

Check out the graph below. It shows the annual median sales price for Maricopa since 2001. We are showing signs of stable appreciation.

maricopa sales prices

About Farhat and Associates Real Estate

Professional - Our early careers were in Accounting, Property Management, and Technology fields. Both Aziz and I found our passion for real estate as we started in the industry as Investors. Since 2004, we have devoted ourselves to this business on a full-time basis and have sold 100s of homes for our clients. Personal - Our passions are our family, our dogs, outdoor activities, reading, photography, golfing, and discovering new foods/restaurants.
This entry was posted in Buyer Advice, Market Updates, Seller Advice. Bookmark the permalink.

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